IMF Staff Country Reports

Norway: Recent Economic Developments

Publication Date:

April 3, 1995

Summary:

This paper reviews economic developments in Norway during the 1990s, with an emphasis on developments in 1993 and 1994. The paper covers developments in the real economy, in the public finances, and in the monetary and exchange rate area. The private consumption in Norway remained weak through the first half of 1993 but picked up sharply during the second half of the year, as declining interest rates and rising housing prices boosted consumer confidence. Seasonally adjusted, private consumption rose by 3.5 percent between the first and second halves of 1993.

Series:

Country Report No. 1995/026

Subject:

Budget planning and preparation Commodities Exchange rates Expenditure Foreign exchange National accounts Oil Private consumption Public financial management (PFM)

Notes:

This report on recent economic developments in Norway was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.